The Diriyah Company announced the completion of the ownership transfer procedures of Al-Diriyah Club from the National Center for Privatization (NCP) to Diriyah Company, owned by the Saudi Public Investment Fund (PIF).
The step comes as part of the Sports Clubs Investment and Privatization Project announced by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, in June of last year, reported the Saudi Press Agency on Monday.
The initiative aims to support and develop the sports sector and encourage and empower the private sector to contribute effectively to the sports field, in line with the goals of Saudi Vision 2030.
The company's board of directors, chaired by the Crown Prince, has approved the formation of Al-Diriyah Club’s Board of Directors, chaired by Prince Khalid bin Mohammed bin Saud, with membership including Jerry Inzerillo, Mohammed Al-Khreiji, Ayman Al-Fallaj, and Hamad Al-Bati.
Founded in 1976, the club is preparing to compete in the Saudi Second Division League (SDL) during the upcoming 2024/2025 sports season, after being placed in Group 2 as announced by the Saudi Arabian Football Federation (SAFF).
